Home2019 2019 February

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The Ministry of Land, Infrastructure, Transport and Tourism decided to establish a study group of experts to investigate the cause and prevent the recurrence of the construction failure found in buildings nationwide built by “Leopalace 21”, a major rental real estate company. Among the 1,300 buildings built by Leopalace 21, deficiencies were found, such as refractory construction and sound insulation that did not meet the required standards, leading to 7,700 people living in these high-risk buildings being...

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Since the recognition of illegal private residences -operated without notifying the municipality- has been officialised, the Tourism Agency will work on eliminating illegal properties by making a database of properties where notification has been properly made and sharing it with the real estate agencies. In the case of listing a private residence, it is mandatory to notify the municipality, but in the survey of the tourism agency as of the end of September last year,...

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Gain your own electronic coins by measuring individual contribution to society such as volunteer activities and donation. A venture company in Tokyo relies on virtual currency to start a new service. This service began by “Social Action Company”, an IT venture company in Tokyo.  NPOs and companies that use services will display projects that will solve social problems, such as eradication of poverty and nature conservation on a dedicated application to recruit volunteer activities and donations. ...

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Asahi Breweries, a major beer, decided to raise production of “Japan wine” using domestic grapes only. The plan is to expand the vineyards in Hokkaido and increase the sales volume to about 3 times now in 6 years. According to the announcement, Asahi Breweries will expand the vineyards in Yoichi Town, Hokkaido, of 2 more hectares to increase the production of Japanese wine, totalling 6 hectares. The company is planning to increase the sales volume of...

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All Nippon Airways and Japan Airlines will significantly reduce special charges called “fuel surcharges” for fares on international flights issued in April and May this year. As a result of the decline in crude oil prices, routes to North America and Europe will be reduced by more than 10,000 yen each way. The fuel surcharge is a special charge that airlines add to international fares according to the fuel price of aircraft, reviewed every two months....

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The Nikkei Stock Average rose more than 400 yen at the Tokyo stock market on the Feb. 18th, and the closing price has reached a high price for the first time in about two months, since December last year. TSE stock index = topics rose by 24.67, 1601.96.  The volume of the day was 1,190.24 million shares.  Market officials said, “There is a somewhat optimistic view among investors on whether there will be some progress...

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A fair was held to encourage students and companies to discuss future job hunting practices, and students asked for correspondence that is not bound by conventional practices such as recruiting new graduates all together. Approximately 70 students and personnel officials of about 80 companies participated in the events held by Tokyo Minato-ku for companies that assist employment support.  Participants are divided into groups and discussed within themselves on how to proceed with job hunting efficiently...

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British television stations reported that Honda, a major automobile manufacturer, has strengthened its policy of closing a factory in southern Britain by 2022. Although Honda has not commented so far, it tells the view that several local media are behind the withdrawal from EU = European Union. Although detailed information such as reasons for closing is not clarified, this shows the opinion that several local media are backing the fact that the influence of the EU...

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“Nationwide simultaneous investment damage 110” is the line where lawyers respond to telephone consultation free of charge, with consumer troubles and investment over investment, such as the so-called “owner business law” and futures trading will be launched on the Feb 18. Lawyers who are familiar with consumer issues are opening this telephone consultation. “We paid nearly 5 million yen after being asked to buy corporate bonds, but that company has disappeared, what should I do?”...

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The General Foundation Economic Research Institute (Minato-ku, Tokyo) and the General Foundation Economic Research Committee (Minato-ku, Tokyo) announced on January 30 the national accounts estimate (quarterly GDP preliminary report) for the period July – September 2018. Nominal private housing investment in fiscal 2018 is expected to increase 16.3 trillion yen, 1.3% from the previous year, to 0.6 trillion 500 billion yen in fiscal 2019, down 0.9%. Due to the effects of national measures, the movement...